Word: reinvestments
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...generally becoming much thriftier-personal savings have jumped from 4.9% of after-tax income in 1963 to 7.5% now-but they tend to save less of their pay than do the Europeans. The highest savers of all are the Japanese, whose people, companies and government together save and reinvest 36% of the gross national product-compared with 18% in the U.S. Emphasizing tomorrow's growth at the expense of today's income, Japan this year will rank third in the world in G.N.P., after the U.S. and the U.S.S.R., but 20th in per-capita income...
Private industries should be allowed to reinvest profits in the corporation, "provided they feel the impulse to spend these profits on social projects," Kaysen said. In this way the ineffectiveness of large corporations and separate foundations designed to solve economic problems would be eliminated...
...passport fees or a tax based on the number of days spent abroad. While France demanded that the U.S. hold formal talks with its trading partners before imposing restrictive measures. Finance Minister Michel Debré hinted at reprisals if U.S. companies are forced to repatriate their profits rather than reinvest them in France...
...half of all modern industry, employ one of every 17 British workingmen, manufacture 10% of all British goods for home consumption or export. U.S. firms also squeeze out twice as much profit from invested capital as their British competitors. Of this, they ship $225 million a year home, reinvest the rest for the long term abroad...
...Novotny recently warned that the party would not tolerate "the spread of liberalism, pacifism, recklessness and frivolity." Toughening Up. Last week Novotny's regime moved to take away some of the prerogatives that it had granted Czechoslovakian industries earlier this year. By giving factory managers the power to reinvest their profits-rather than having the government do it-and by allowing prices for wholesale goods to rise, the regime had hoped to encourage more efficient investment and make the economy more responsive to consumer demand. But prices soared far above the anticipated levels, and industry made profits...